This article examines the role of the Great Depression in shaping the intergenerational mobility of some of the most upwardly mobile cohorts of the twentieth century. Using newly linked census and vital records from the Longitudinal, Intergenerational Family Electronic Micro-database, we examine the occupational and educational mobility of more…

Since 2021, unprecedented increases in energy costs, rapid increases in food costs and substantial increases in the cost of housing via higher rent/mortgage costs have driven a dramatic rise in the cost of living across England. Despite inflation having fallen from its peak in winter 2022, costs remain high compared to incomes and cost pressures…

According to a 2019 Pew Research Center survey, 67% of Americans support raising the federal minimum hourly wage from $7.25 to $15 per hour, with 41% strongly supporting the increase. Raising the federal minimum wage to $15 per hour has been the battle cry for many members of Congress, while others have opposed or expressed concern regarding, such…

The cost-of-living has been rising sharply across England since 2021, including unprecedented increases in energy costs, rapid increases in the costs of food and significant increases in the costs of housing via higher rents/mortgage costs. Drawing on online surveys of over 2700 teachers and senior leaders in April and May 2023 in mainstream and…

Why do we teach U.S. history and government to students? The answer is simple: to prepare students for engaged and informed citizenry, the essential ingredient for preserving the American republic. Unfortunately, ACTA's most recent "What Will They Learn?"® survey of the core curricula at over 1,100 colleges and universities found that…

Achieving prosperity for all Americans could not be more urgent. Although the United States remains the most prosperous nation on earth, millions of citizens are losing faith in the American dream of upward mobility, and in American-style capitalism itself. This crisis of confidence has widened the divide afflicting American politics and cries out…

Both the loss of prestige caused to mainstream economics by the global financial crisis and the resurgence of heterodox economics have proved to be superficial. "Where it counts" (in the teaching of economics, in the most important policy circles, and in the most prestigious journals) neoliberal economics has proven resilient to dissent.…

The relevance of the researched problem is determined by transformation of the human capital into the key economic resource of development of the postindustrial society. The purpose of the article is to disclose the content of evolution of the human capital as a scientific concept and phenomenon of the economic life. The leading approach to the…

Zimbabwe suffered severe economic crisis in the decade before 2009, and anecdotal evidence indicates that public education suffered due to uncertainty about salary payments and inflation. As the country recovers, it is important to understand how this crisis affected schooling participation before and during the crisis. This study focuses on the…

Purpose: Real gross domestic product (GDP) growth for Mauritius has averaged more than 5 per cent since 1970 and GDP per capita has increased more than tenfold between 1970 and 2012, from less than $500 to more than $9,000. It has often been reported that human capital, along with other growth enablers, has played an important role in this…

"Financialisation" is a term that describes an economic system or process that attempts to reduce all value that is exchanged (whether tangible, intangible, future, or present promises, etc.) either into a financial instrument or a derivative of a financial instrument. The original intent of financialization is to be able to reduce any…

This piece offers two stories and attempts a contrast between them. These are about how UK higher education responded to the economic crisis of the 1970s, and about how it is shaping up in response to the banking crisis of 2008 and its global ramifications. The first is constructed around the rise and fall of "public sector higher…

This article comes in three parts. Part 1 reviews a few pertinent facts about the stunning economic events that have occurred in the United States (and elsewhere) since 2007. The author chose these particular facts from among many for their relevance to the rest of the article. The next two parts take up, first, some of the key lessons that…

"One who rides a tiger is afraid to dismount," says a colorful proverb from an earlier time. This may be an apt saying for the situation facing the new head of the Federal Reserve, Janet L. Yellen, who takes over at a time when successive rounds of Fed policy have taken the central bank into uncharted territory. By historical standards,…

The pace of income growth since the 1970s has been slower for Pennsylvanians than in the 30 years following 1945. In addition to being slower, income growth since the 1970s has also been lopsided, with a small fraction of the highest-income households capturing most income growth in Pennsylvania. This report examines the extent to which these…